LSV Asset Management Cuts Stake in MBT Financial Corp. (NASDAQ:MBTF)

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LSV Asset Management reduced its stake in MBT Financial Corp. (NASDAQ:MBTF) by 15.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 260,305 shares of the financial services provider’s stock after selling 49,249 shares during the quarter. LSV Asset Management owned 1.13% of MBT Financial worth $2,608,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MBTF. JPMorgan Chase & Co. boosted its holdings in shares of MBT Financial by 228.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,903 shares of the financial services provider’s stock worth $49,000 after buying an additional 3,411 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of MBT Financial by 15.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,696 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,685 shares during the last quarter. Spark Investment Management LLC boosted its holdings in shares of MBT Financial by 24.4% in the 1st quarter. Spark Investment Management LLC now owns 24,500 shares of the financial services provider’s stock worth $245,000 after buying an additional 4,802 shares during the last quarter. S. Muoio & CO. LLC purchased a new position in shares of MBT Financial in the 1st quarter worth about $401,000. Finally, Yakira Capital Management Inc. boosted its holdings in shares of MBT Financial by 3.8% in the 1st quarter. Yakira Capital Management Inc. now owns 49,289 shares of the financial services provider’s stock worth $494,000 after buying an additional 1,789 shares during the last quarter. 51.61% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on MBTF. TheStreet cut MBT Financial from a “b-” rating to a “c” rating in a research note on Monday, June 10th. ValuEngine cut MBT Financial from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. MBT Financial has an average rating of “Hold” and an average price target of $12.00.

MBT Financial stock remained flat at $$9.84 during midday trading on Wednesday. MBT Financial Corp. has a 52-week low of $8.75 and a 52-week high of $12.49. The stock’s 50 day moving average is $10.10 and its 200-day moving average is $10.22. The company has a market cap of $226.69 million, a P/E ratio of 20.94 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07.

MBT Financial (NASDAQ:MBTF) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.09. MBT Financial had a return on equity of 8.52% and a net margin of 19.08%. The business had revenue of $16.32 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This is a boost from MBT Financial’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 4.47%.

MBT Financial Company Profile

MBT Financial Corp. is a bank holding company, which operates through its subsidiary Monroe Bank & Trust. It offers various deposit products which include checking and savings accounts, time deposits, safe deposit facilities, commercial loans, personal loans, real estate mortgage loans, installment loans, IRAs, ATM and night depository facilities, treasury management services, telephone and internet banking, personal trust, employee benefit and investment management services.

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Institutional Ownership by Quarter for MBT Financial (NASDAQ:MBTF)

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